PDD(US:PDD) Guan Cha Zhe Wang·2025-09-28 12:15Group 1 - Pinduoduo is expanding its delivery services in Hong Kong by offering free home delivery, moving beyond the previous model of free pickup points, which is expected to enhance user convenience and experience [1][4] - The free home delivery initiative is particularly attractive to users, as delivery costs could reach several dozen Hong Kong dollars without subsidies [1] - Pinduoduo's second-quarter financial results showed a revenue growth slowdown to 7%, with a total revenue of 104 billion yuan, and a net profit decline of 4% year-on-year, attributed to increased investments [4] Group 2 - In response to new challenges, Pinduoduo launched a "trillion support" strategy, building on previous initiatives to support merchants, which marks a significant increase in investment for high-quality development [4] - The company's "Western e-commerce expansion" initiative has eliminated logistics transfer fees in western regions, contributing to a 40% year-on-year increase in order volume in those areas [4]